Smart move by SQM.   As a former cryptocurrency miner, I can tell you that the best profits to be made are when the price is on the way up (demand is high), and the number of miners is small (supply is low).   Works out great until all the miners have hopped on board, then profit margins really start to get squeezed.

It says a lot about the prospects of recovering lithium prices when a big producer like SQM makes a big bet on lithium recovery.  But this will also add to the supply.

The good news is that there aren't many miners that can turn on a dime like this.   It's going to take years for supply to catch up with demand once things really get moving.

BTW, shouldn't this be in the main discussion forum?   I would think that any news that has a direct implication about the supply/demand/cost of lithium should be fair game there.